EnQuest PLC 2020 AR2
The report highlights EnQuest's performance and strategic transformation during 2020, focusing on lowering its cost base and reducing absolute Scope 1 and 2 emissions by 11.2% compared to 2019. The company established a new corporate purpose, 'Providing creative solutions through the energy transition,' and committed to a target of reducing absolute Scope 1 and 2 emissions from its existing portfolio by 10% over a three-year period starting in 2021. Operationally, EnQuest achieved a Lost Time Incident frequency rate of 0.22, which is 61% lower than the previous year. Financially, the company reduced its net debt by 9.4% to $1,279.7 million, driven by strong cash generation despite lower market prices for oil.
Company: EnQuest PLC
Sector: Mining & quarrying
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 184
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EnQuest PLC
Annual Report And Accounts
The report highlights EnQuest's performance and strategic transformation during 2020, focusing on lowering its cost base and reducing absolute Scope 1 and 2 emissions by 11.2% compared to 2019. The company established a new corporate purpose, 'Providing creative solutions through the energy transition,' and committed to a target of reducing absolute Scope 1 and 2 emissions from its existing portfolio by 10% over a three-year period starting in 2021. Operationally, EnQuest achieved a Lost Time Incident frequency rate of 0.22, which is 61% lower than the previous year. Financially, the company reduced its net debt by 9.4% to $1,279.7 million, driven by strong cash generation despite lower market prices for oil.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management